Cadbury Nigeria Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	169,837	129,165	80,379	55,213	42,372
Revenue Growth (YoY)	31.49%	60.70%	45.58%	30.30%	19.67%
Cost of Revenue	133,237	110,937	63,042	47,490	35,894
Gross Profit	36,600	18,228	17,337	7,723	6,478
Selling, General & Admin	15,562	12,288	9,541	7,614	6,010
Other Operating Expenses	425.91	-	-39.87	-0.06	-0.05
Operating Expenses	15,988	12,288	9,498	7,610	6,010
Operating Income	20,612	5,939	7,839	112.59	467.45
Interest Expense	-5,166	-6,411	-4,829	-503.83	-249.58
Interest & Investment Income	451.21	434.6	2,263	1,608	856.03
Currency Exchange Gain (Loss)	2,135	-28,311	-37,558	-	-
Other Non Operating Income (Expenses)	-702.92	-	-	-	-
EBT Excluding Unusual Items	17,330	-28,348	-32,285	1,217	1,074
Gain (Loss) on Sale of Assets	-138.72	-	-	36.48	0.42
Other Unusual Items	-262.38	-	-	-	-
Pretax Income	17,268	-28,326	-32,252	1,298	1,098
Income Tax Expense	5,179	-6,101	-9,806	715.3	648.21
Net Income	12,089	-22,225	-22,446	583.11	449.71
Net Income to Common	12,089	-22,225	-22,446	583.11	449.71
Net Income Growth	-	-	-	29.66%	-51.74%
Shares Outstanding (Basic)	2,281	2,280	1,878	1,878	1,878
Shares Outstanding (Diluted)	2,281	2,280	1,878	1,878	1,878
Shares Change (YoY)	0.03%	21.41%	-	-	-
EPS (Basic)	5.30	-9.75	-11.95	0.31	0.24
EPS (Diluted)	5.30	-9.75	-11.95	0.31	0.24
EPS Growth	-	-	-	29.66%	-51.74%
Free Cash Flow	10,450	15,044	-903.03	-4,400	-914.97
Free Cash Flow Per Share	4.58	6.60	-0.48	-2.34	-0.49
Dividend Per Share	-	-	-	0.400	0.500
Dividend Growth	-	-	-	-20.00%	177.78%
Gross Margin	21.55%	14.11%	21.57%	13.99%	15.29%
Operating Margin	12.14%	4.60%	9.75%	0.20%	1.10%
Profit Margin	7.12%	-17.21%	-27.93%	1.06%	1.06%
Free Cash Flow Margin	6.15%	11.65%	-1.12%	-7.97%	-2.16%
EBITDA	22,726	7,828	9,463	1,575	1,791
EBITDA Margin	13.38%	6.06%	11.77%	2.85%	4.23%
D&A For EBITDA	2,113	1,889	1,624	1,462	1,324
EBIT	20,612	5,939	7,839	112.59	467.45
EBIT Margin	12.14%	4.60%	9.75%	0.20%	1.10%
Effective Tax Rate	29.99%	-	-	55.09%	59.04%
Advertising Expenses	-	3,275	3,542	3,365	2,857

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.